Smart Youtube is a WordPress Youtube Plugin that allows you to easily insert Youtube videos/playlists in your post, comments and in RSS feed.
The main purpose of the plugin is to correctly embed youtube videos into your blog post. The video will be

For The Site Owners
Supports Lighttpd, RTMP, Live telecast and Amazon S3 Streaming
Facility to add YouTube, Vimeo, Viddler, Daily Motion videos and embed code videos from other sites
Supports ffmpeg which generates duration of the video upload from

PC
Facility to monetize by displaying preroll, postroll, midroll, google adsense and IMA ads in the player
Simple to customize/manage widgets
Option to choose WordPress/Facebook/Disqus commenting system from backend
Option to Enable/disable the following options on the player from backend: Download, Share, Volume, Full screen, High definition, Timer, Zoom, Playlist
Option to hide the entire skin from the player
Option to set logo target from the backend
Simple drag and drop option to sort videos/categories from backend
Facility to set your own logo/copyright on purchasing premium license
Offers complete control over number of columns and rows of thumb images
Facility to customize the color of player from backend
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